CRF – A PREFERRED SSBCI PARTNER
In response to the pandemic, Calvert Impact, CRF, NDC and their partners built and implemented an innovative loan participation fund structure that has been implemented and is active across 19 states and the District of Columbia (“LPP 1.0”).
Together with our partners Calvert Impact and the National Development Council (NDC), we have developed and are implementing a turnkey loan participation program available nationally to all states. The program is Treasury approved and meets all Treasury requirements.
The national model is based on the state/regional model the three organizations developed in response to the pandemic and have used and implemented across 19 states and the District( “LPP 1.0”).
It utilizes a fund structure, technology supplied by CRF, a private warehouse line of capital, fund administration provided by CRF or NDC, financing and operational support by Calvert Impact.
SSBCI Success Story
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.